Hong Kong SAR, China: Tobacco Market 2025

Tobacco Market Size in Hong Kong SAR, China

In 2021, the Hong Kong tobacco market increased by 9.7% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +46.9% against 2018 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Tobacco Production in Hong Kong SAR, China

In value terms, tobacco production dropped rapidly to $X in 2021 estimated in export price. In general, production, however, saw a mild expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 2,080%. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Tobacco Exports

Exports from Hong Kong SAR, China

Tobacco exports from Hong Kong SAR dropped remarkably to X tons in 2021, waning by -21% on the year before. Overall, exports saw a sharp setback. The growth pace was the most rapid in 2013 with an increase of 102% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, tobacco exports soared to $X in 2021. In general, exports recorded a deep contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for tobacco exports from Hong Kong SAR, with a 42% share of total exports. Moreover, tobacco exports to Vietnam exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+44.7% per year) and Malaysia (+26.1% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for tobacco (smoking tobacco, chewing tobacco, snuff) exports from Hong Kong SAR, comprising 61% of total exports. The second position in the ranking was held by Singapore ($X), with an 8.4% share of total exports. It was followed by Malaysia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+30.1% per year) and Malaysia (+26.7% per year).

Export Prices by Country

In 2021, the average tobacco export price amounted to $X per ton, picking up by 64% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2016 an increase of 128% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Imports

Imports into Hong Kong SAR, China

In 2021, the amount of tobacco (smoking tobacco, chewing tobacco, snuff) imported into Hong Kong SAR skyrocketed to X tons, increasing by 56% on 2020 figures. In general, imports, however, recorded a noticeable descent. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, tobacco imports surged to $X in 2021. Over the period under review, imports, however, recorded a deep setback. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and South Korea (X tons) were the main suppliers of tobacco imports to Hong Kong SAR, with a combined 54% share of total imports. These countries were followed by Thailand, Lao People's Democratic Republic, Jordan, Germany, the Philippines and Zimbabwe, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +221.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tobacco suppliers to Hong Kong SAR were China ($X), the United Arab Emirates ($X) and Thailand ($X), with a combined 49% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +186.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tobacco import price stood at $X per ton in 2021, reducing by -7.9% against the previous year. In general, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+23.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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